Leaked Emails Unveil Snapchat's Secretive CEO

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Douglas MacMillan A batch of leaked emails involving a Snapchat board member show the startup's rapid rise to be the work of a secretive young entrepreneur with a distaste for Silicon Valley and its conventions. Evan Spiegel, Snapchat's 24-year-old ...

China November Home Prices Fall at Slower Pace -- Update

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Esther Fung The average price of new homes in 70 Chinese cities continued to fall in November, signaling a decline in home prices hasn't run its course. On a month-over-month basis, average home prices fell at a slower pace, ...

U.K. Car Production Slips in November

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production to match last year's level of 1.5 million units, and growth to ...

Asian Shares Rise as Fed Shows Patience

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Chao Deng Stocks in Japan and Australia jumped early Thursday on signals from the U.S. Federal Reserve that it is not in a hurry to raise interest rates, encouraging investor risk appetite. The Nikkei Stock Average surged 2.3% while ...

U.K. Car Production Slips in Nov; Full Year Expected to Match 2013 - SMMT

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

(This article was originally published at 0001 GMT Thursday.) By Ian Walker LONDON--U.K. car manufacturing fell 0.2% in November, although the year-to-date total remains stable at 1.42 million units, an industry body said Thursday, leading it to expect full-year production ...

Asian Shares Rise as Fed Shows Patience

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Stocks in Japan and Australia jumped early Thursday on signals from the U.S. Federal Reserve that it is not in a hurry to raise interest rates, encouraging investor risk appetite. The Nikkei Stock Average surged 2.3% while the S&P; ASX ...

Putin's Year of Defiance and Miscalculation -2-

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

Warning that defying "the laws of economic development" would bring Russia to collapse as it did the Soviet Union, Mr. Gref ridiculed government policies for replacing sanctioned products with domestic ones. "You cannot motivate people through the Gulag, like in ...

IHH Healthcare Plans Expansion Across Asia Pacific

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Jason Ng KUALA LUMPUR, Malaysia--IHH Healthcare Bhd. (5225.KU), Asia's largest listed healthcare operator by market value, plans to spend 3.3 billion ringgit ($940 million) over the next two years as part of its ambitious expansion in the region. We're ...

Japan Firms' Cash Holdings Hit Record High

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

TOKYO--Japanese companies added to their mountains of stashed cash in the third quarter, pushing up their combined savings to a new record equivalent to almost half the nation's gross domestic product despite repeated calls by Prime Minister Shinzo Abe to ...

Marathon Oil to Cut Capital Spending in 2015

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Maria Armental Marathon Oil Corp. plans to cut spending in 2015, the latest energy company to slim its spending plans amid tumbling oil prices. The Houston energy producer said it plans to spend $4.3 billion to $4.5 billion in ...

China Not Yet Affected By Ruble's Slide -- Regulator

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

BEIJING--China hasn't seen any impact on cross-border capital flows due to the steep slide in the Russian ruble but it is watching the situation closely, an official at the Chinese foreign exchange regulator said Thursday. "There has not yet been ...

China November Home Prices Fall at Slower Pace

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

The average price of new homes in 70 Chinese cities continued to fall in November, signaling the decline in home prices hasn't run its course. But on a month-over-month basis, average home prices fell at a slower pace, as some ...

KKR Stumbles on Shale Deal

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Ryan Dezember And Daniel Gilbert Shortly after bagging big profits on a Pennsylvania drilling deal, George Roberts traveled to Houston to meet with the banker who had brought the prospect to his private-equity firm, KKR & Co. Mr. Roberts, ...

Fed Sets a Patient Stage for Rate Hikes in 2015--3rd Update

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Jon Hilsenrath The Federal Reserve took a delicate step toward raising short-term interest rates in 2015, but at the same time exposed its skittishness about signaling a historic move away from easy-money policies in place since the global financial ...

U.S. Normalizes Cuba Ties as American Is Released -2-

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

"When I visited Alan last month, he expressed the hope that his ordeal might somehow lead to positive changes between the United States and Cuba," Mr. Flake said. "With today's significant and far-reaching announcements, I think it already has." Mr. ...

China November Home Prices Fall at Slower Pace

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Esther Fung The average price of new homes in 70 Chinese cities continued to fall in November, signaling the decline in home prices hasn't run its course. But on a month-over-month basis, average home prices fell at a slower ...

Putin's Year of Defiance and Miscalculation

TODAY: Dec. 18, 2014 PUB DATE: Dec. 18, 2014

By Gregory L. White in Moscow and Anton Troianovski in Berlin As Western governments seethed last spring over Russia's takeover of the Crimea region in Ukraine, Vladimir Putin told advisers that the world eventually would accept the audacious move. The ...

Scant U.S. Hope for Russian Reversal

TODAY: Dec. 18, 2014 PUB DATE: Dec. 17, 2014

By Philip Shishkin WASHINGTON--Western policy makers are waiting to see whether a weakened Kremlin will call off its intervention in Ukraine to win a reprieve from economic sanctions that have combined with low oil prices to push the Russian ruble ...